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Singtel pitches hotel angle for Hill Street site

Market watchers say indicative price is tipped to be around S$100m or S$1,700 psf ppr

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Singtel is offering two plots for sale based on a 99-year leasehold tenure. URA has granted provisional permission for redevelopment of the property into a hotel project with a 3.5 plot ratio.

Singapore

SINGTEL has put its Hill Street property up for for sale, using its redevelopment potential as the selling point, as an earlier Business Times report had anticipated.

The telco has secured approval for a hotel development on the site. Market watchers told BT on Tuesday

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